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20131202
20131210
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CNBC 6
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Search Results 0 to 5 of about 6
CNBC
Dec 5, 2013 4:00am EST
another massive package including more than $50 billion in spending to help offset sales tax hike. >>> mario draghi should be holding fire, despite the recent drop in inflation. investors eyeing the ecb's economic staff projections. >>> and i told you so. british chancellor george osborne may have reason to gloat. >>> and china's financial institutions are warning against trading bitcoins as the bank admits while there are risks, it could still use the currency. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. hello. a warm welcome to the program. the government has just unveiled an $18.6 trillion yen stimulus package which includes 5.5 trillion yen in fresh spending measures. this is to offset the accuracy in the sales tax which is coming in in april which raises the rate effectively from 8% to 5%. it follows the unveiling of a 10.3 trillion package back in january. a number of measures will be expected as far as this package is concerned. particularly for those on the lower income as well. we will get those measures as soon as
CNBC
Dec 2, 2013 4:00am EST
. had he to raise taxes in order to cut the $11 billion deficit. raising taxes is not something that's designed to make you very popular as well as cutting government spending. i spoke with the finance minister and he's pretty b buoyant. the public outcry on that, people are pretty pleased. i did ask him, is this just kicking the can down the road. take a listen. >> we have to reduce government expenses in a way that will not hurt all the services we want to give to the government. the fight for efficiency in all the governments around the world is a hard fight. we know now things we didn't know before about how to do it because we've been doing it for quite a while. this is why things are better now. i think we're going to have a new fiscal rule which will allow us to reduce government expenses in a way that will allow us not to raise taxes. >>ing where do you see that in order not to raise taxes in 2014, 2015. >> i can tell you we're not going to hurt the budgets of education because we are an education modulated government and of course health and welfare. these are the budgets th
CNBC
Dec 9, 2013 4:00am EST
up their manufacturing process to meet a boost ahead of the sales tax hike next april. however, other figures out today weren't encouraging either. japan's current cut showed a surprise $1.2 billion deficit for the month of october. they were up 18% on strong car sales in china and north america. a sharp increase on fuel imports wiped it out. >> thank you. have a good evening. >>> reminder on what's on the agenda in asia, the constitution day holiday. china's november data continues to trickle through with industrial output and fixed asset investment figures. plus, november sales for the big tech firms are also due out. >>> and you heard makika talking about the numbers. ami, thank you for joining us. do you dismiss this downward revision of gdp on the basis that it was a rise in inventories or slower rise in inventories? >> yeah. it seems the hard thing to do was that. there's also some talks about corporate capex not being as vibrant as some people were hoping for. if you look at the bigger picture, the yen's been weakening over the last year. seeing the impact of the yen in the nex
CNBC
Dec 6, 2013 4:00am EST
's aimed at offsetting the sales tax in april. and the shanghai composite pulled further ahead. meanwhile, the hang seng index added 0.1%. elsewhere, south korea and australia both ended just a tad lower. as for individual stocks, chinese property stocks came under some pressure after the official china securities journal reported beijing may remove caps on property prices next year, replacing them with supply side indicators and concerns still linger over a potential property tax system. now for some outperformers, let's take a look at the region's apple suppliers, seeing a strong boost from hopes that china mobile may reach a deal with apple to offer iphones. some phone displaymakers, cameramakers and case suppliers rebounded some 5% in today's trade. back to you, karen. >> sixuan, thank you very much update. charles has been telling us about this u.s. cash flood that you're expecting. are you saying buy u.s. assets, buy u.s. equities in 20 s14? >> things probably weaken at the moment because a lot of guys made a lot of money this year and they want to cash in and make sure they get the
CNBC
Dec 4, 2013 4:00am EST
at the moment. >> david cameron announcing today that he's not going to cut taxes for the middle classes. how much room, wiggle room is there going to be for the government, peter? much depends on what you think the economy is going to do this year and next ahead of the election. >> yeah. i think the likelihood is that the economy will continue to grow at a 2% to 2.5% late next year. that's decent, but it's not stellar. given all they have said about reducing the deficit over the next few years, it leaves room for cutting taxes. i think what the uk needs is a rebalancing towards investment and exports. the government realizes this and i think as a consequence it's unlikely to do things to throw additional fuel on the fire of consumption. >> do you think the government is doing enough? are you expecting any measures, say, on planning tomorrow from the troika? would that have helped? we had construction pmis this week very strong, rising like a phoenix out of the ashes. but many suppliers saying the supply side of that market is still very, very underperforming. >> yeah. i mean, when it comes t
CNBC
Dec 3, 2013 4:00am EST
's refused food since the start of the protests. >>> there's a new tax by thailand's government to diffusion tensions in bangkok. allowing protesters inside, tear gas and rubber bullets have given away to calmer demonstrations. the protest leader says the fight will continue. meanwhile, consumer confidence has been hit dropping to a two-year low because of the unrest. the national transportation safety board says the new york commuter train that derails sunday was traveling at 82 miles per hour when it entered a curve where the speed limit was just 30 miles per hour. four people were killed and more than 60 injured. the ntsb says the train's brakes were working properly but were applied just seconds before the crash. >>> and pointing and clicking is becoming the preferred way to shop. adobe says u.s. cyber monday sales topped $2 billion for the first time, up 16% to 2.9 billion. adobe tracks visits to 2,000 websites. a record 18% came from mobile devices. other trackers report even higher numbers. ibm dish analytics, sales rose and amazon sales were up 44% as of 6:00 p.m. eastern and ebay's
Search Results 0 to 5 of about 6